Pacific Basin Shipping (OTCMKTS:PCFBY – Get Rating) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a report issued on Wednesday, Zacks.com reports.
According to Zacks, “Pacific Basin Shipping Limited provides marine transportation services and logistical support to its customers through the commercial operation of a large, modern and uniformly-sized fleet of shallow-draft Handysize dry bulk carriers. Pacific Basin Shipping Limited is based in Wong Chuk Hang, Hong Kong. “
Shares of PCFBY opened at $8.91 on Wednesday. The firm has a 50 day moving average of $10.48 and a 200 day moving average of $9.01. Pacific Basin Shipping has a twelve month low of $6.68 and a twelve month high of $12.53.
Pacific Basin Shipping Limited, an investment holding company, provides dry bulk shipping services worldwide. It also offers shipping consulting, ocean shipping, crewing, secretarial, and agency and ship management services; and engages in the vessel owning and chartering, and convertible bonds issuing activities.
Further Reading
- Get a free copy of the StockNews.com research report on Pacific Basin Shipping (PCFBY)
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Get a free copy of the Zacks research report on Pacific Basin Shipping (PCFBY)
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